Gyroscope Capital Management Group buys $564,748 stake in Hartford Financial Services Group Inc (HIG)

Hartford Financial Services Group Inc (HIG) : Gyroscope Capital Management Group scooped up 107 additional shares in Hartford Financial Services Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 14,031 shares of Hartford Financial Services Group Inc which is valued at $564,748.Hartford Financial Services Group Inc makes up approximately 0.44% of Gyroscope Capital Management Group’s portfolio.

Other Hedge Funds, Including , Pax World Management added HIG to its portfolio by purchasing 182,481 company shares during the most recent quarter which is valued at $7,344,860. Hartford Financial Services Group Inc makes up approx 0.41% of Pax World Management’s portfolio.New Vernon Investment Management boosted its stake in HIG in the latest quarter, The investment management firm added 4,436 additional shares and now holds a total of 117,198 shares of Hartford Financial Services Group Inc which is valued at $4,764,099. Hartford Financial Services Group Inc makes up approx 4.07% of New Vernon Investment Management’s portfolio.Gabelli Funds reduced its stake in HIG by selling 27,000 shares or 5.33% in the most recent quarter. The Hedge Fund company now holds 480,000 shares of HIG which is valued at $19,512,000. Hartford Financial Services Group Inc makes up approx 0.12% of Gabelli Funds’s portfolio.

Hartford Financial Services Group Inc opened for trading at $40.28 and hit $40.44 on the upside on Monday, eventually ending the session at $40.21, with a gain of 0.30% or 0.12 points. The heightened volatility saw the trading volume jump to 14,30,408 shares. Company has a market cap of $15,520 M.

On the company’s financial health, Hartford Financial Services Group Inc reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.49 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.80. The company had revenue of $4677.00 million for the quarter, compared to analysts expectations of $4853.00 million. The company’s revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.91 EPS.

Many Wall Street Analysts have commented on Hartford Financial Services Group Inc. Company shares were Reiterated by Mizuho on Aug 11, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $47 .Shares were Reiterated by FBR Capital on Aug 10, 2016 to “Outperform” and Lowered the Price Target to $ 47 from a previous price target of $50 .Shares were Reiterated by MKM Partners on Jul 29, 2016 to “Buy” and Lowered the Price Target to $ 50 from a previous price target of $55 .

The Hartford Financial Services Group Inc. (The Hartford) is an insurance and financial services holding company. The Hartford is a provider of property and casualty insurance and group life and disability products to individual and business customers in the United States of America. It is also a provider of mutual funds to investors and additionally The Hartford manages life and annuity products. The Hartford conducts business principally in six segments including Commercial Lines (formerly Property & Casualty Commercial) Personal Lines (formerly Consumer Markets) Property & Casualty Other Operations Group Benefits Mutual Funds and Talcott Resolution as well as a Corporate category. The Hartford includes in its Corporate category the Company’s debt financing and related interest expense as well as other capital raising activities and purchase accounting adjustments related to goodwill and other expenses not allocated to other segments.

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